Tag Archives: EUR/JPY
Daily FX Technical Strategy: Momentum points to higher dollar
Growth concerns dominated trading overnight. Low and falling US yields made no impact on the dollar which rose even against recently strong currencies like the AUD and KRW.
FX Market Technical Research
EUR/USD: Studies Remain Weak. The EUR is still under pressure amid weak daily studies but trade is back within the falling Bollinger band of $1.2185, allowing more room for bears to extend the $1.2212 low.
Global Technical Watch
The EUR continues to trend strongly lower on the crosses and intraday strength is repeatedly proving to be short-lived. The larger backdrop remains negative especially for some crosses such as EUR/SEK which is posting new lows not seen since 2000.
FX Market Technical Research
EUR/USD: Studies Remain Weak. The euro is still under pressure amid weak daily studies but trade is back within the falling Bollinger band of $1.2225, allowing more room for bears to extend the $1.2235 low.
Daily FX Technical Strategy: Euro drifts closer to another major cliff edge
Over the past 24 hours the markets have taken a breather. The absence of any reversal signals during that time points to a period of consolidation leaving the main themes unchanged.
Behavioral Finance: Daily Forex Outlook: The dollar is weighing in on the euro
EUR USD (1.2285) The euro’s current weak position seems to be largely attributed to the disappointment from the EU summit and higher Spanish yields.
FX Market Technical Research
EUR/USD: Still Testing Bollinger Band. EURO is still testing the base of the daily Bollinger band, which is now at $1.2280, suggesting the market has declined too fast in the spike lower to $1.2235 seen early Monday.
Behavioral Finance: Daily Forex Outlook: Grim resignation over US jobs
EUR USD (1.2290) Although it is common to talk about investor disappointment with the US payroll data, the latest figure was the closest to the consensus forecast so far this year.
FX Market Technical Research
EUR/USD: Slips Out of Bollinger Band. The EURO pushes outside of the daily Bollinger band, which is now at $1.2305, suggesting the market has declined too fast in the spike lower to $1.2235.
Behavioral Finance: Daily Forex Outlook: Self-defeating policy change
EUR USD (1.2380) Yesterday’s ECB rate decision kick-started the euro’s latest sell-off. Although the policy shifts were small, respectively, 25bp off the main policy rate and the deposit rate, they nonetheless overstepped market expectations; the average forecasts were for 10bp or 15bp changes.
Daily FX Technical Strategy: Spotlight stays on the euro
The release of US non-farm payrolls this afternoon is likely to be the primary focus of the FX markets today but it is the weakness of the euro that continues to hold our attention.
FX Market Technical Research
EUR/USD: Bears Focus on June Low. The EUR pushes lower with bears now focused on the 1 June low of $1.2288. Potentially slowing losses, the Bollinger band meets the $1.2364 hourly low but bulls really need to recover the 21-DMA up at $1.2546 to re-establish themselves.